Bank ABC Wins the Most Innovative Arab Bank of the Year Award

Press release

Published October 8th, 2019 - 11:17 GMT

Bank ABC

Highlights

Bank ABC has been awarded “Most Innovative Arab Bank of the Year” at the FinX Awards 2019, organised by Fintech Galaxy, a digital crowdfunding platform.

Bank ABC has been awarded “Most Innovative Arab Bank of the Year” at the FinX Awards 2019, organised by Fintech Galaxy, a digital crowdfunding platform. The ceremony was held in Dubai, United Arab Emirates on 2 October 2019. This recognition is reflective of the solid strides the Bank has taken to embrace digital disruption and advance the fintech agenda in Bahrain and the wider Middle East and North Africa (MENA) region.

Audited by Grant Thornton and judged by an independent panel of 12 prominent, industry professionals, the FinX Awards recognise innovation, excellence and best practices shaping the future of financial services and driving financial inclusion and economic development in the MENA region.

Receiving the award on behalf of Bank ABC, Deputy Group CEO, Sael Al Waary remarked: “This award is a testament to the commitment of our digital transformation journey and the positive impact it has had on the development of the fintech infrastructure in Bahrain and the MENA region. We see digital disruption as a catalyst for positive change, and we will continue to leverage the latest technologies to innovate and better serve our clients and the wider community.”

“This achievement underlines the merit of our strategic direction. At Bank ABC we strive to foster an ‘innovation mindset’ to optimise what technology has to offer keeping our clients, and community at large, at the centre,” he added. “I congratulate all ABC employees and wish them continued success on this journey.”

Background Information

Bank ABC

Bank ABC (incorporated as Arab Banking Corporation B.S.C) is an international bank headquartered in Manama, Kingdom of Bahrain. Our network spreads across five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia.

Bank ABC, founded in 1980, is listed on the Bahrain Bourse and our major shareholders are the Central Bank of Libya and Kuwait Investment Authority.

Bank ABC is a leading provider of Trade Finance, Treasury, Project & Structured Finance, Syndications, Corporate & Institutional Banking as well as Islamic Banking services. We are also expanding our retail banking network in the MENA region.

Bank ABC is licensed as a conventional wholesale bank by the Central Bank of Bahrain.